Comment on Is it worth investing if I can only contribute $50 a month?
Clent@lemmy.dbzer0.com 10 months ago
Yes. Investing is always worth it unless you have credit card debit.
Set it up to automatically invest into the lowest fee index fund your broker offers.
Tehdastehdas@lemmy.world 10 months ago
The lowest fee ETHICAL index fund. Careless investing is how we got evil corporations.
13esq@lemmy.world 10 months ago
Unfortunately, there aren’t many ethics in the world when it comes to money.
Tehdastehdas@lemmy.world 10 months ago
Several funds in my bank have ESG in the name. en.wikipedia.org/…/Environmental,_social,_and_gov…
Other terms in their fund names: fossil-free, climate, forest, sustainable agriculture.
Their claims about them:
(in Finnish) www.s-pankki.fi/…/vastuullisuus-sijoittamisessa/ (in Swedish) www.s-pankki.fi/sv/…/ansvarsfulla-investeringar/ For machine translation, probably better use Swedish as the source because it shares the Indo-European language family with many of you readers’ target languages, and has more speakers so maybe better translation engine training too.
13esq@lemmy.world 10 months ago
I wasn’t trying to say that ethical funds don’t exist, I’m well aware of them. I was saying that when money is on the line, loyalty and ethics often end up second place.
utopiah@lemmy.world 10 months ago
Place to start but once you dig into it, it’s not great either. A lot of the evaluations basically boil down to negative externalities, namely making sure that somehow whatever is problematic is NOT accounted for. That’s how plenty of ESGs end up with … other banks as stocks. They “abstracted themselves away” from problems whereas in reality they are funding the problems.
agent_nycto@lemmy.world 10 months ago
These are pretty cool and I didn’t know about them! I’m pretty me to investing, do you just look up ESGs or something?
jagged_circle@feddit.nl 10 months ago
Can you recommend a single ethical index fund? I’ve been searching for the past decade
Clent@lemmy.dbzer0.com 10 months ago
The post didn’t ask for ethical requirements to be included in the advice.
Appending additional personal requirements turns the conversation towards one’s personal soapbox.
utopiah@lemmy.world 10 months ago
Right… everything does have ethical requirements though. As soon as a member of a society does make something that impacts themselves and others it has ethical requirements. Some examples :
Everything, literally everything we do, has ethical requirements. We don’t have to say it because it’s implied.
Now… if you are genuinely curious about the topic I can only recommend en.wikipedia.org/wiki/Ethics_in_mathematics showing that even in the most abstract field, there are ALSO ethical requirements. Nobody can avoid that.
Tehdastehdas@lemmy.world 10 months ago
Not funding companies that destroy the planet and kill people is basic decency, not personal taste.